Retail stocks like Abercrombie & Fitch, Amazon, Costco, and Walmart benefit from record holiday spending.

From Nasdaq: 2025-01-24 15:00:00

The 2024 holiday season saw retail sales hit an all-time high of $994.1 billion, surpassing NRF forecasts. Strong consumer spending indicated a rebound in the economy, benefiting retailers like Abercrombie & Fitch, Amazon, Costco, and Walmart. Online sales led growth, with various categories like electronics, clothing, and groceries experiencing increases.

Abercrombie & Fitch’s success stems from integrating digital and physical retail, launching targeted campaigns, and introducing new product lines. The company raised its Q4 net sales outlook, expecting growth of 7-8%. Amazon’s e-commerce platform and Prime membership drive revenue, with sales and EPS expected to grow by 10.9% and 82.4%. Costco’s focus on memberships and market presence leads to growth projections of 7.2% in sales and 11.8% in EPS. Walmart’s digital transformation enhances its market reach, with sales and EPS expected to grow by 4.8% and 11.7%.

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Read more at Nasdaq: 4 Retail Stocks Set to Gain From Record Holiday Consumer Spending